Home BancShares, Inc. (NYSE:HOMB) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts give Home BancShares a consensus rating of "Moderate Buy" from six firms (three buys, three holds) with an average one‑year price target of $31.40, though several brokers have recently trimmed targets into the $30–$33 range.
• The company reported quarterly EPS of $0.60, meeting estimates, while revenue of $266.7M slightly missed forecasts but rose 2.5% year‑over‑year; net margin was 32.48% and return on equity 11.11%.
• Home BancShares declared a quarterly dividend of $0.21 (annualized $0.84), implying a 3.1% yield with an ex‑dividend date of May 13 and a payout ratio of 34.57%.

Home BancShares, Inc. (NYSE:HOMB - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $31.40.

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Home BancShares from $32.00 to $30.00 and set a "market perform" rating on the stock in a research report on Monday, April 20th. Stephens decreased their price target on shares of Home BancShares from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, April 17th. Piper Sandler set a $33.00 target price on shares of Home BancShares and gave the stock an "overweight" rating in a research note on Friday, April 17th. Royal Bank Of Canada set a $31.00 target price on shares of Home BancShares in a research note on Monday, January 12th. Finally, Cantor Fitzgerald reduced their target price on shares of Home BancShares from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 3rd.

Home BancShares Stock Up 1.4%

NYSE:HOMB opened at $27.09 on Thursday. The firm has a market capitalization of $5.33 billion, a P/E ratio of 11.15 and a beta of 0.69. Home BancShares has a 1-year low of $25.67 and a 1-year high of $30.83. The company's fifty day moving average price is $27.10 and its 200-day moving average price is $27.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.91.

Home BancShares (NYSE:HOMB - Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $266.71 million for the quarter, compared to analyst estimates of $274.06 million. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The firm's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. As a group, equities research analysts anticipate that Home BancShares will post 2.48 EPS for the current year.

Home BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Home BancShares's payout ratio is 34.57%.

Insider Activity at Home BancShares

In related news, Director John W. Allison II sold 5,000 shares of Home BancShares stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $28.19, for a total value of $140,950.00. Following the completion of the transaction, the director owned 651,995 shares in the company, valued at approximately $18,379,739.05. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer C. Floyd sold 3,000 shares of Home BancShares stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total transaction of $81,330.00. Following the completion of the transaction, the chief accounting officer owned 4,635 shares of the company's stock, valued at $125,654.85. This trade represents a 39.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 6.39% of the company's stock.

Institutional Trading of Home BancShares

Several institutional investors and hedge funds have recently bought and sold shares of HOMB. CIBC Private Wealth Group LLC raised its position in Home BancShares by 164.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider's stock worth $30,000 after buying an additional 674 shares during the last quarter. Root Financial Partners LLC raised its position in Home BancShares by 76.9% during the 1st quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider's stock worth $29,000 after buying an additional 474 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Home BancShares during the 4th quarter worth $36,000. Covestor Ltd raised its position in Home BancShares by 110.6% during the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider's stock worth $37,000 after buying an additional 697 shares during the last quarter. Finally, Binnacle Investments Inc raised its position in Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider's stock worth $38,000 after buying an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company's core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.

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